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Trading IT infrastructure company Avelacom has partnered with digital currency exchange Seed CX, according to a press release published on May 23. The partnership aims to allow institutional clients o...

Nasdaq Licenses Tech to a ‘One-Stop Shop’ for Crypto Trading and Mining

March 13, 2019 / Nikhilesh De

Bcause LLC, a self-described “full-stack cryptocurrency ecosystem,” plans to use Nasdaq technology to operate its markets.The company announced Wednesday that it would be using Nasdaq’s matching engine, clearing and market surveillance tools through the Nasdaq Financial Framework platform to operate a spot cryptocurrency market, to be launched within the next few months. Bcause has also filed to become a designated contract market and to launch a derivatives clearing organization with the U.S. Commodity Futures Trading Commission (CFTC). According to a press release, Bcause plans to be the only “one-stop shop” to operate a spot trading market, crypto mining facility and a futures/derivatives clearinghouse, once regulators approve the latter offering.In a statement, Nasdaq senior vice president and head of Marketplace Operators and New Markets Paul McKeown said Bcause “has methodically built a unique ecosystem that gives investors, partners and market...

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Other News

Trading IT infrastructure company Avelacom has partnered with digital currency exchange Seed CX, according to a press release published on May 23. The partnership aims to allow institutional clients o...